Liability Insurance

What Is Business Liability Insurance?

As a business owner, you’re liable for the unintentional accidents or injuries in which you or your employees are involved. Such liabilities can result in severe financial loss, but business liability insurance can help businesses mitigate potentially devastating lawsuits by covering the associated cost of legal defense and damages you are obligated to pay up to the policy limits. Contact a B.W. Baker commercial lines specialist to learn more about the benefits of business liability insurance.

What Does Business Liability Insurance Cover?

Generally speaking, business liability insurance provides automatic coverage for premises and operations, products and complete operations, and employment practices liability, as these elements are most susceptible to unpredictable lawsuits.

Premises and operations coverage provides protection against accidents and injuries that result from daily operations, such as a customer falling in your store. With business liability insurance, you’ll be covered for any resulting expenses and lawsuits.

Products and completed operations coverage makes sure that your business is safe from potentially devastating lawsuits that result from previously sold products or operations. In the event that such a situation occurs, business liability insurance will handle the defense costs and legal damages for which you are responsible.

Employment practices liability protects your assets from expensive lawsuits related to wrongful termination, harassment, discrimination, and other employment-related offenses. This becomes especially important if you own a sole proprietorship or partnership, as without business liability insurance, you risk losing your personal assets if your business income cannot cover the entire cost of a claim or lawsuit. Also included in our business insurance offerings are directors and officers insurance and professional liability insurance.

How Do I Get Business Liability Insurance?

At B.W. Baker, our commercial lines specialists know everything there is about business insurance, and we can help you find the best package for the needs and budget of your business. For more information or to obtain a free business insurance quote, contact a B.W. Baker insurance specialist today.

Employment Practices Liability Insurance Provides coverage for discrimination, sexual harassment or wrongful termination claims made by former, present or future employees.
Directors & Officers Insurance Protects directors and officers against liability claims arising from alleged errors in judgment, breaches of duty and wrongful acts related to organizational activities.
Professional Liability This type of insurance helps to protect a professional, an individual or a company from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered professional services.

Health Insurance

Medical expenses can be financially taxing. Our team of health insurance specialists will find the best policies for both you and your family.
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Auto Insurance

You need the best Auto insurance coverage available. We can help you identify potential coverage gaps and premium discounts.

Home Insurance

Does your home insurance meet your unique needs and budget? Your current policy may not provide adequate financial protection.

Life Insurance

The best thing you can do for your family is provide protection for their financial future. We have a suite of life insurance products to match the needs of you and your family.